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Reliance Capital gains after board approves independent listing of home finance business

Reliance Capital gains after board approves independent listing of home finance business

Sep 14,2016

The announcement was made yesterday, 13 September 2016, when stock market remained closed on account of Bakri Id.

Meanwhile, the S&P BSE Sensex was down 46.19 points or 0.16% at 28,307.35.

On BSE, so far 6.75 lakh shares were traded in the counter as against average daily volume of 5.01 lakh shares in the past one quarter. The stock hit a high of Rs 561.50 and a low of Rs 546.65 so far during the day. The stock had hit a 52-week high of Rs 574 on 9 September 2016. The stock had hit a 52-week low of Rs 303.60 on 12 February 2016. The stock had outperformed the market over the past one month till 12 September 2016, rising 21.96% compared with 0.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 32.06% as against Sensexs 6.45% rise.

The large-cap company has equity capital of Rs 252.63 crore. Face value per share is Rs 10.

Reliance Capital said the independent listing of Reliance Home Finance (RHF) is expected to unlock substantial value for existing shareholders of Reliance Capital. The listing of Reliance Home Finance will also lead to increased management focus and accelerated growth in the home finance business. As per the proposal, 49% stake in Reliance Home Finance Limited will be allotted to all shareholders of Reliance Capital, in the ratio of one share free of cost in Reliance Home Finance for every one share held in Reliance Capital.

Reliance Capital will hold a 51% stake in Reliance Home Finance, and the company will be adequately capitalised to grow the lending book to over Rs 20000 crore in the next 18 months. The proposal is subject to necessary shareholders and other approvals. Reliance Home Finance, a 100% subsidiary of Reliance Capital, provides a wide range of loan solutions like home loan, LAP, construction finance and affordable housing loans. The company reported an AUM of Rs 8259 crore ($1.2 billion) during the quarter ended 30 June 2016.

Mr. Anmol A. Ambani, Director, Reliance Capital said Prime Minister, Narendra Modi has set a goal of affordable housing for all by 2022. There is presently an estimated shortage of 10 crore residential units in India. To address the needs of this sector, Reliance Home Finance has charted an aggressive growth plan in this space, and aims to increase its book size to over Rs 50000 crore in the next few years.

On a consolidated basis, Reliance Capitals net profit rose 3% to Rs 207 crore on 48.3% growth in total income to Rs 3663 crore in Q1 June 2016 over Q1 June 2015.

Reliance Capital, a part of the Reliance Group, is one of Indias leading private sector financial services companies.

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Triumph International Finance India reports standalone net loss of Rs 0.11 crore in the March 2017 quarter
May 30,2017

Net Loss of Triumph International Finance India reported to Rs 0.11 crore in the quarter ended March 2017 as against net loss of Rs 0.16 crore during the previous quarter ended March 2016. Sales rose 120.76% to Rs 6.38 crore in the quarter ended March 2017 as against Rs 2.89 crore during the previous quarter ended March 2016.

For the full year,net profit rose 100.00% to Rs 0.04 crore in the year ended March 2017 as against Rs 0.02 crore during the previous year ended March 2016. Sales rose 114.89% to Rs 6.64 crore in the year ended March 2017 as against Rs 3.09 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales6.382.89 121 6.643.09 115 OPM %-1.72-5.54 -0.600.65 - PBDT-0.11-0.16 31 0.040.02 100 PBT-0.11-0.16 31 0.040.02 100 NP-0.11-0.16 31 0.040.02 100

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Uni Abex Alloy Products reports standalone net loss of Rs 2.99 crore in the March 2017 quarter
May 30,2017

Net loss of Uni Abex Alloy Products reported to Rs 2.99 crore in the quarter ended March 2017 as against net profit of Rs 0.25 crore during the previous quarter ended March 2016. Sales declined 19.65% to Rs 16.85 crore in the quarter ended March 2017 as against Rs 20.97 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 8.54 crore in the year ended March 2017 as against net loss of Rs 3.12 crore during the previous year ended March 2016. Sales declined 4.74% to Rs 59.15 crore in the year ended March 2017 as against Rs 62.09 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales16.8520.97 -20 59.1562.09 -5 OPM %-7.7713.64 --4.078.36 - PBDT-1.852.48 PL -4.473.24 PL PBT-3.320.63 PL -10.37-3.73 -178 NP-2.990.25 PL -8.54-3.12 -174

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Austin Engineering Company reports standalone net loss of Rs 0.30 crore in the March 2017 quarter
May 30,2017

Net Loss of Austin Engineering Company reported to Rs 0.30 crore in the quarter ended March 2017 as against net loss of Rs 0.61 crore during the previous quarter ended March 2016. Sales rose 16.88% to Rs 18.28 crore in the quarter ended March 2017 as against Rs 15.64 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 2.74 crore in the year ended March 2017 as against net loss of Rs 1.21 crore during the previous year ended March 2016. Sales rose 2.07% to Rs 70.14 crore in the year ended March 2017 as against Rs 68.72 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales18.2815.64 17 70.1468.72 2 OPM %-0.16-7.42 --2.22-1.22 - PBDT-0.32-0.41 22 -2.15-0.16 -1244 PBT-0.61-0.72 15 -3.28-1.39 -136 NP-0.30-0.61 51 -2.74-1.21 -126

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Tata Global Beverages standalone net profit rises 627.81% in the March 2017 quarter
May 30,2017

Net profit of Tata Global Beverages rose 627.81% to Rs 43.96 crore in the quarter ended March 2017 as against Rs 6.04 crore during the previous quarter ended March 2016. Sales rose 2.93% to Rs 696.57 crore in the quarter ended March 2017 as against Rs 676.75 crore during the previous quarter ended March 2016.

For the full year,net profit rose 21.86% to Rs 276.00 crore in the year ended March 2017 as against Rs 226.49 crore during the previous year ended March 2016. Sales rose 2.58% to Rs 3063.89 crore in the year ended March 2017 as against Rs 2986.79 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales696.57676.75 3 3063.892986.79 3 OPM %9.3011.40 -11.8412.02 - PBDT69.4779.98 -13 409.89402.89 2 PBT63.1573.98 -15 386.19380.10 2 NP43.966.04 628 276.00226.49 22

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Hindalco Industries standalone net profit rises 25.60% in the March 2017 quarter
May 30,2017

Net profit of Hindalco Industries rose 25.60% to Rs 502.52 crore in the quarter ended March 2017 as against Rs 400.09 crore during the previous quarter ended March 2016. Sales rose 27.43% to Rs 11026.09 crore in the quarter ended March 2017 as against Rs 8652.41 crore during the previous quarter ended March 2016.

For the full year,net profit rose 182.10% to Rs 1556.89 crore in the year ended March 2017 as against Rs 551.90 crore during the previous year ended March 2016. Sales rose 7.78% to Rs 36936.61 crore in the year ended March 2017 as against Rs 34270.81 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales11026.098652.41 27 36936.6134270.81 8 OPM %12.2213.60 -13.039.76 - PBDT1028.41812.36 27 3496.321932.84 81 PBT648.20471.90 37 2068.35650.82 218 NP502.52400.09 26 1556.89551.90 182

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EIH standalone net profit rises 77.91% in the March 2017 quarter
May 30,2017

Net profit of EIH rose 77.91% to Rs 50.67 crore in the quarter ended March 2017 as against Rs 28.48 crore during the previous quarter ended March 2016. Sales declined 12.69% to Rs 369.02 crore in the quarter ended March 2017 as against Rs 422.64 crore during the previous quarter ended March 2016.

For the full year,net profit declined 11.46% to Rs 96.53 crore in the year ended March 2017 as against Rs 109.02 crore during the previous year ended March 2016. Sales declined 10.01% to Rs 1275.74 crore in the year ended March 2017 as against Rs 1417.70 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales369.02422.64 -13 1275.741417.70 -10 OPM %15.4623.23 -15.0419.01 - PBDT101.38110.15 -8 276.56296.71 -7 PBT74.6682.66 -10 166.07183.16 -9 NP50.6728.48 78 96.53109.02 -11

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Berger Paints India standalone net profit declines 21.04% in the March 2017 quarter
May 30,2017

Net profit of Berger Paints India declined 21.04% to Rs 74.97 crore in the quarter ended March 2017 as against Rs 94.95 crore during the previous quarter ended March 2016. Sales rose 7.71% to Rs 1016.26 crore in the quarter ended March 2017 as against Rs 943.54 crore during the previous quarter ended March 2016.

For the full year,net profit rose 25.32% to Rs 446.45 crore in the year ended March 2017 as against Rs 356.26 crore during the previous year ended March 2016. Sales rose 6.84% to Rs 4121.53 crore in the year ended March 2017 as against Rs 3857.81 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1016.26943.54 8 4121.533857.81 7 OPM %15.4616.13 -16.0815.75 - PBDT170.06162.26 5 704.10626.76 12 PBT144.82140.46 3 607.03538.69 13 NP74.9794.95 -21 446.45356.26 25

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Baroda Rayon Corporation standalone net profit declines 13.51% in the March 2017 quarter
May 30,2017

Net profit of Baroda Rayon Corporation declined 13.51% to Rs 0.96 crore in the quarter ended March 2017 as against Rs 1.11 crore during the previous quarter ended March 2016. There were no Sales reported in the quarter ended March 2017 and during the previous quarter ended March 2016.

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New National Commission for Backward Classes to be constituted in the same manner as National Commissions for SCs & STs
May 30,2017

The new National Commission for Backward Classes will be constituted under Article 338B and will commence functioning as a constitutional authority, in the same manner as the National Commission for Scheduled Castes under article 338 and the National Commission for Scheduled Tribes under Article 338A. This was stated by Shri Thaawarchand Gehlot, Minister for Social Justice and Empowerment. The new Commission will exercise the function of hearing the complaints/grievances of socially and educationally backward classes. It will have the powers of a Civil Court for this purpose. It will have the duty of advising of the socio economic development of the socially and educationally backward classes and evaluate the progress of their development, unlike the present Commission which does not have this role.

He informed the media persons that the objective of Venture Capital Fund for Scheduled Castes is to promote entrepreneurship amongst the Scheduled Caste and to provide concessional finance to them. The projects/units are promoted in manufacturing and services sector ensuring asset creation. The Scheme provides higher level of loans ranging from Rs. 50 lakhs to Rs. 15 crores. Till date loans amounting to Rs. 242.36 crores were sanctioned to 65 Scheduled Cast entrepreneurs and Rs. 118.99 crores has been disbursed.

The Minister said that the Skill Training is under taken by the three corporations of the Ministry viz. National Scheduled Caste Finance and Development Corporations (NSFDC), National Backward Classes Finance and Development Corporation (NBCFDC) and National Safai Karamcharis Finance and Development Corporation (NSKFDC). During the last three years i.e. from 2014-15 to 2016-17, 2.5 lakh beneficiaries have been trained under the skill development programme of the Corporations and the Scheduled Castes Sub Plan. Out of these beneficiaries, 48.42% have got wage/self-employment.

Ministry of Social Justice & Empowerment has released scholarships to 3.45 crore students through Direct Benefit Transfer (DBT) providing direct benefit to the students. Amount released is Rs. 18000 crores in the last 3 years.

He said that the five places relating to Dr. Ambedkar such as Janam Bhoomi, Mhow; Shiksha Bhoomi 10, King Henry Road, London; Deeksha Bhoomi, Nagpur; Chaitya Bhoomi, Mumbai; and Parinirvan Bhoomi, 26 Alipur Road, New Delhi were declared Panchtirth by the Government of India. Besides this, the Dr. Ambedkar Foundation under Ministry of Social Justice and Empowerment had sponsored 100 students for study tour to Universities of Columbia and London School of Economics (UK) where Dr. Ambedkar studied.

The Minister informed that the Government of India declared 26th November as Constitution Day. Various programmes by Ministries/Departments/ State Governments were organised throughout the country and Indian Mission abroad. It has been decided to increase income limit from Rs. 1.00 Lakh to Rs. 2.50 Lakh on yearly basis to provide assistance to families under Dr. Ambedkar Medical Aid Scheme. Under Dr. Ambedkar Scheme for Social Integration through inter-caste marriage, 126 Married couple benefitted during the last three years. The Ministry of Social Justice and Empowerment has enhanced Overseas Scholarship for boys and girls belonging to SC/ST community from 60 to 100 for pursuing higher studies aboard.

He said that his Ministry has launched the Rashtriya Vayoshri Yojana for the welfare of Senior Citizens, which aims at providing Senior Citizens, belonging to BPL category and suffering from any of the age related disabilities/infirmities viz. Low vision, Hearing impairment, Loss of teeth and locomotor disabilities, with such assisted-living devices which can restore near normalcy in their bodily functions, overcoming the disability/infirmity manifested.

The Minister said that the Department of Empowerment of Persons with Disabilities has created 4 Guinness World Records, during the year 2016-17, as detailed in the list below: -

1.First record, created by Biggest Wheelchair Logo/Image by 1000 PwDs at Navsari, Gujrat;

2.Second world record, created by fitting 1200 Hearing Aids to 600 persons within 8 hours at a single location at Navsari, Gujrat;

3.Third world record, created in Gujrat by lighting most oil lamps simultaneously at a single venue by Divyangjans; and

4.Fourth Guinness World Record was created when 3911 persons with hearing impairment were fitted with hearing aids in 8 hours in Manipur.

The Minister informed that the financial assistance under Voluntary Organisations working for Welfare of SCs is released to NGOs/VOs to provide an environment for Socio-Economic up-liftment and overall development of Scheduled Castes (SCs). Also, the Ministry introduced the Self Employment Scheme for Rehabilitation of Manual Scavengers (SRMS) in January 2007, with the objective to rehabilitate the remaining manual scavengers and their dependents in alternatives occupations

He said that Scheme for Prevention of Alcoholism and Substance (Drugs) Abuse aims at creating awareness and educate people about the ill-effects of alcoholism and substance abuse on the individual, the family, the workplace and society at large. There are 431 Drug-de-addiction centres functioning through NGOs, supported by the Ministry.

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Rupee falters
May 30,2017

Rupee closed lower at 64.8900/8950 per dollar on Tuesday (30 May 2017), versus its previous close of 64.4850/5000 per dollar.

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Shree Mahalaxmi Agricultural Development standalone net profit declines 76.92% in the March 2017 quarter
May 30,2017

Net profit of Shree Mahalaxmi Agricultural Development declined 76.92% to Rs 0.06 crore in the quarter ended March 2017 as against Rs 0.26 crore during the previous quarter ended March 2016. Sales reported to Rs 1.40 crore in the quarter ended March 2017. There were no Sales reported during the previous quarter ended March 2016.

For the full year,net profit rose 20.00% to Rs 0.06 crore in the year ended March 2017 as against Rs 0.05 crore during the previous year ended March 2016. Sales declined 11.39% to Rs 1.40 crore in the year ended March 2017 as against Rs 1.58 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1.400 0 1.401.58 -11 OPM %-26.430 --37.14-20.89 - PBDT0.160.36 -56 0.160.17 -6 PBT0.060.26 -77 0.060.05 20 NP0.060.26 -77 0.060.05 20

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Vascon Engineers reports standalone net profit of Rs 1.90 crore in the March 2017 quarter
May 30,2017

Net profit of Vascon Engineers reported to Rs 1.90 crore in the quarter ended March 2017 as against net loss of Rs 1.48 crore during the previous quarter ended March 2016. Sales declined 25.47% to Rs 57.48 crore in the quarter ended March 2017 as against Rs 77.12 crore during the previous quarter ended March 2016.

For the full year,net profit declined 42.51% to Rs 4.53 crore in the year ended March 2017 as against Rs 7.88 crore during the previous year ended March 2016. Sales declined 32.58% to Rs 216.60 crore in the year ended March 2017 as against Rs 321.25 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales57.4877.12 -25 216.60321.25 -33 OPM %-18.02-2.36 --2.456.15 - PBDT2.650.66 302 13.1015.97 -18 PBT0.78-1.36 LP 5.778.03 -28 NP1.90-1.48 LP 4.537.88 -43

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Pioneer Embroideries reports standalone net profit of Rs 0.70 crore in the March 2017 quarter
May 30,2017

Net profit of Pioneer Embroideries reported to Rs 0.70 crore in the quarter ended March 2017 as against net loss of Rs 15.85 crore during the previous quarter ended March 2016. Sales declined 6.81% to Rs 59.70 crore in the quarter ended March 2017 as against Rs 64.06 crore during the previous quarter ended March 2016.

For the full year,net profit declined 87.48% to Rs 2.06 crore in the year ended March 2017 as against Rs 16.46 crore during the previous year ended March 2016. Sales declined 6.02% to Rs 235.98 crore in the year ended March 2017 as against Rs 251.10 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales59.7064.06 -7 235.98251.10 -6 OPM %7.969.54 -7.398.57 - PBDT2.736.11 -55 10.3235.80 -71 PBT0.703.82 -82 2.1321.68 -90 NP0.70-15.85 LP 2.0616.46 -87

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Kanishk Steel Industries reports standalone net loss of Rs 0.26 crore in the March 2017 quarter
May 30,2017

Net Loss of Kanishk Steel Industries reported to Rs 0.26 crore in the quarter ended March 2017 as against net loss of Rs 0.19 crore during the previous quarter ended March 2016. Sales declined 17.12% to Rs 64.11 crore in the quarter ended March 2017 as against Rs 77.35 crore during the previous quarter ended March 2016.

For the full year,net profit declined 93.87% to Rs 0.29 crore in the year ended March 2017 as against Rs 4.73 crore during the previous year ended March 2016. Sales declined 15.98% to Rs 229.04 crore in the year ended March 2017 as against Rs 272.61 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales64.1177.35 -17 229.04272.61 -16 OPM %-5.63-2.42 --0.100.26 - PBDT0.530.62 -15 3.188.00 -60 PBT0.120.10 20 1.306.12 -79 NP-0.26-0.19 -37 0.294.73 -94

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Empee Sugars & Chemicals reports standalone net loss of Rs 17.95 crore in the March 2017 quarter
May 30,2017

Net Loss of Empee Sugars & Chemicals reported to Rs 17.95 crore in the quarter ended March 2017 as against net loss of Rs 25.80 crore during the previous quarter ended March 2016. Sales declined 44.72% to Rs 19.64 crore in the quarter ended March 2017 as against Rs 35.53 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 36.85 crore in the year ended March 2017 as against net loss of Rs 107.40 crore during the previous year ended March 2016. Sales rose 64.40% to Rs 82.94 crore in the year ended March 2017 as against Rs 50.45 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales19.6435.53 -45 82.9450.45 64 OPM %-58.30-60.26 --14.56-56.10 - PBDT-11.46-19.33 41 -12.10-82.66 85 PBT-17.95-25.80 30 -36.85-107.40 66 NP-17.95-25.80 30 -36.85-107.40 66

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